Economics and Electronic Commerce
Google is a global leader in electronic commerce. Not surprisingly, considerable attention is devoted to research in this area. Topics include 1) auction design, 2) advertising effectiveness, 3) statistical methods, 4) forecasting and prediction, 5) survey research, 6) policy analysis and a host of other topics. This research involves interdisciplinary collaboration among computer scientists, economists, statisticians, and analytic marketing researchers both at Google and academic institutions around the world.
A major challenge is solving these problems at very large scales. For example, the advertising market has billions of transactions daily, spread across millions of advertisers, presenting a unique opportunity to test and refine economic principles as applied to a very large number of interacting, self-interested parties with a myriad of objectives. At Google, research is an opportunity to translate direction into practice, influencing how production systems are designed and used.